Initially acquired forty-two (42) apartments units in East Pennsylvania’s Lehigh Valley submarket of Bethlehem, from two separate long-term private ownership/motivated seller groups in June, 2021.
Successfully raised apartment rent average with a strategic cosmetic interior & exterior capital improvement plan within sixteen (16) months upon acquisition with minimal turnover/vacancy loss
Nearly grew in-place net operating income upon purchase by over ~40% within a 16-month investment holding period
Combined the two properties one rebranded portfolio & successfully disposed of the assets within a total of 16 months; realized a gross investor levered internal rate of return (IRR) of ~51.5% & maintained a ~10.5% levered average cash-on-cash return.
Have questions? Contact us now for answers.Contact Us
